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copper exporter

Copper eases as dollar firms on US inflation jitters
Markets

Copper eases as dollar firms on US inflation jitters

  • Three-month copper on the London Metal Exchange eased 0.1% to $9,408 a tonne.
  • China, the world's biggest metals consumer, will take "comprehensive measures" to ease rising commodity prices, Premier Li Keqiang said.
Published 14 Jul, 2021 01:31pm
Copper eases as dollar firms on US inflation fears
Markets

Copper eases as dollar firms on US inflation fears

  • Three-month copper on the London Metal Exchange was down 0.3% at $9,383.50 a tonne.
  • This morning, there is a marked lack of interest in the Asian session with all the drifting lower on thin volumes as yet again the physical buyers shy away from these prices.
Published 28 Jun, 2021 11:21am
Copper falls as market frets about demand, China curbs
Markets

Copper falls as market frets about demand, China curbs

  • Benchmark copper on the London Metal Exchange was down 0.4% at $9,960 a tonne.
  • Prices of the metal, often used as a gauge of manufacturing activity, are down nearly 8% since hitting a record high of $10,747.50 a tonne in May.
Published 14 Jun, 2021 05:12pm
Copper slips as Chinese factory gate prices surge
Markets

Copper slips as Chinese factory gate prices surge

  • Benchmark copper on the London Metal Exchange (LME) was down 0.6% at $9,904.50 a tonne in official trading, off a record high of $10,747.50 reached on May 10.
  • Chinese Yangshan copper import premiums fell to $26, the lowest in at least 9 years, pointing to weak demand for overseas metal.
Published 09 Jun, 2021 06:31pm
Shanghai copper registers second monthly gain on supply concerns
Markets

Shanghai copper registers second monthly gain on supply concerns

  • The most-traded July copper contract on the Shanghai Futures Exchange closed 0.9% up at 73,950 yuan ($11,617.68) a tonne for a 2.1% monthly gain.
  • The White House, meanwhile, has proposed a $6 trillion budget plan to ramp up spending in several sectors including infrastructure.
Published 31 May, 2021 06:37pm
Copper edges lower on China demand concerns
Markets

Copper edges lower on China demand concerns

  • Three-month copper on the London Metal Exchange slipped 0.2% to $10,201 a tonne.
  • Torlizzi expected copper prices to correct lower during the summer, when bullish investors would start buying again. He targeted $8,000 as an attractive level to re-enter the market.
Published 28 May, 2021 08:41pm
Copper rises as strike fears and Chinese data reassure bulls
Markets

Copper rises as strike fears and Chinese data reassure bulls

  • Benchmark copper on the London Metal Exchange (LME) was up 0.7% at $10,048.50 a tonne in official trading.
  • Prices of the metal used in power and construction surged to a record high of $10,747.50 this month before slipping to $9,795 on Monday.
Published 27 May, 2021 08:27pm
China crackdown on prices subdues industrial metals
Markets

China crackdown on prices subdues industrial metals

  • Benchmark copper on the London Metal Exchange traded up 0.1% at $9,961 a tonne in official rings.
  • Prices of the metal used widely in the power and construction industries have fallen 7% since hitting a record high at $10,747.50 a tonne earlier this month.
Published 25 May, 2021 08:16pm
Copper retreats on fears over Chinese price crackdown
Markets

Copper retreats on fears over Chinese price crackdown

  • Copper on the London Metal Exchange (LME) was set for its biggest weekly drop since September 2020 after a sizzling rally with near 40% gains since the start of the year to a record peak of $10,747.50 last week.
  • Three-month LME copper had slid 1.6% to a two-week low of $9,884 a tonne, down 3.5% on the week.
Published 21 May, 2021 08:20pm
Copper up on dollar, strike possibility in Chile
Markets

Copper up on dollar, strike possibility in Chile

  • Benchmark copper on the London Metal Exchange traded up 1% at $10,104 a tonne in official rings. However, prices of the metal used widely in power and construction are down 6% since hitting a record $10,747.50 a tonne earlier in May.
Published 20 May, 2021 08:32pm
Slumping dollar boosts base metals, zinc hits 3-year high
Markets

Slumping dollar boosts base metals, zinc hits 3-year high

  • Benchmark copper on the London Metal Exchange (LME) was up 1.2% at $10,496.50 a tonne in official trading and near last week's record high of $10,747.50.
  • LME zinc was up 2.4% at $3,085 a tonne after surging to $3,108.50, its highest since June 2018.
Published 18 May, 2021 08:31pm